$1,499,000 Price Analysis    ♡   Bakersfield, CA 93304 0 bed None bath 7,144 SqFt ($209/SqFt) 0.39 acre lot. Built 1984 Listed 2024-07-12, Taxes $25,153 | Ⓧ USDA Ineligible due to price & location near Bakersfield |
CBRE
Inc. is pleased to exclusively present 2410 S. M Street, a twenty-unit multifamily investment property in Bakersfield, California. On the market for the first time in 20 years, The M Street Apartments are located three minutes from the Bakersfield Municipal Airport and 1 hour and 20 minutes from The City of Los Angeles. Constructed in 1984, the 20-unit 7, 144 square foot building sits on a 16, 988 square foot lot.
50% of the gross revenue is government subsidized via HUD and CalVet, prviding the new owner security of cash flow. The property has a unit mix of 20 studio/1 bath units with an uncovered parking lot and serviced by three central water heaters. The roofs on both buildings have also been replaced within the last 24 months. The M Street apartments are a true value-add investment opportunity for an astute investor looking for a hedge against inflation. Please contact listing agents for more information.
Presented by Manny Nunez at
CB Richard Ellis, Inc.
Property MLS #24-414483 from TheMLSCLAW
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 16928
Calculated Total Monthly Association Fees: 0
Number of Units: 20
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 16560
County: Kern
Directions: 2410 S M Street
Source Property Type: Residential Income
Area: Baker
Source Neighborhood: Baker
Number of Separate Electric Meters: 20
Parcel Number: 16615202003
Zoning: C-1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $782,000 + $138,000 $920,000 | $25,153 |
| 2021 | $782,000 + $138,000 $920,000 | $23,796 |
| 2020 | $782,000 + $138,000 $920,000 | $23,214 |
| 2019 | $782,000 + $138,000 $920,000 | $22,617 |
| 2018 | $782,000 + $138,000 $920,000 | $25,419 |
| 2017 | $782,000 + $138,000 $920,000 | $24,777 |
| 2016 | $435,200 + $76,800 $512,000 | $9,731 |
| 2015 | $470,000 + $50,000 $520,000 | $9,901 |
| 2014 | $470,000 + $50,000 $520,000 | $9,782 |
| 2013 | $470,000 + $50,000 $520,000 | $9,894 |
| 2012 | $470,000 + $50,000 $520,000 | $9,997 |
| 2011 | $470,000 + $50,000 $520,000 | $9,958 |
| 2010 | $841,660 + $105,868 $947,528 | $14,864 |
| 2009 | $843,660 + $106,120 $949,780 | $14,926 |
| 2007 | $827,118 + $104,040 $931,158 | $14,044 |
| 2006 | $810,900 + $102,000 $912,900 | $13,367 |
$1,499,000
TheMLSCLAW
Listed 2024-07-12
$1,570,900
TheMLSCLAW
Listing removed 2019-02-27
$0
AppfolioUnits
Listing removed 2019-02-22
$575
AppfolioUnits
Price Changed for rent 2019-02-07
$575
AppfolioUnits
Listed for rent 2019-01-25
$550
AppfolioUnits
Listing removed 2018-03-23
$0
AppfolioUnits
Listed for rent 2018-03-17
$575
AppfolioUnits
Listing removed 2017-04-25
$550
AppfolioUnits
Listed for rent 2017-04-08
$550
AppfolioUnits
Listing removed 2017-03-23
$550
AppfolioUnits
Listed for rent 2016-12-27
$550
AppfolioUnits
Listing removed 2016-12-02
$550
AppfolioUnits
Listed for rent 2016-10-04
$550
AppfolioUnits
Listing removed 2016-09-29
$550
AppfolioUnits
Listed for rent 2016-09-16
$550
AppfolioUnits
Listing removed 2016-04-08
$550
AppfolioUnits
Listed for rent 2016-03-25
$550
AppfolioUnits
Listing removed 2015-11-24
$550
AppfolioUnits
Listed for rent 2015-11-20
$550
AppfolioUnits
Sold 2005-11-21
$895,000
Public Record
Sold 1996-03-22
$211,000
Public Record
Year Built: 1984
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 40
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.